SENATE BILL 345
56th legislature - STATE OF NEW MEXICO - first session, 2023
RELATING TO SENIOR CITIZEN SERVICES; PROVIDING FOR INVESTMENT OF THE KIKI SAAVEDRA SENIOR DIGNITY FUND; REQUIRING REPORTS; AMENDING A SECTION OF THE AGING AND LONG-TERM SERVICES DEPARTMENT ACT.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. Section 9-23-13 NMSA 1978 (being Laws 2020, Chapter 8, Section 1) is amended to read:
"9-23-13. KIKI SAAVEDRA SENIOR DIGNITY FUND--CREATED--PURPOSE--APPROPRIATION.--
A. The "Kiki Saavedra senior dignity fund" is created as a nonreverting fund in the state treasury and shall be administered by the aging and long-term services department for the purposes stated in Subsection B of this section. The fund consists of [money that is appropriated or donated or] appropriations, bequests, distributions, donations, gifts, grants or money that otherwise accrues to the fund.
B. Money in the Kiki Saavedra senior dignity fund shall be subject to legislative appropriation to address high-priority services for senior citizens in New Mexico, including transportation, food insecurity, physical and behavioral health, case management and caregiving. More particularly, the goals of the fund are increased access for seniors and adults with disabilities, including veterans, to specialty vehicles and to specialty physical and behavioral health care not always provided in rural areas; assistance with appointments and meals in underserved areas of the state; and care coordination through community health workers.
C. The state investment officer, subject to the approval of the state investment council, shall invest money in the Kiki Saavedra senior dignity fund:
(1) in accordance with the prudent investor rule set forth in the Uniform Prudent Investor Act; and
(2) in consultation with the state treasurer.
D. On or before October 1, 2023 and on or before October 1 in each subsequent year, the state investment officer shall present an annual report to the legislative finance committee, the revenue stabilization and tax policy committee, other appropriate interim legislative committees and the state investment council concerning the investments made pursuant to this section. The state investment officer shall provide quarterly reports updating the information in the annual report to the legislative finance committee and the state investment council.
[C.] E. Expenditures from the fund shall be made on warrants drawn by the secretary of finance and administration pursuant to vouchers signed by the secretary of aging and long-term services or the secretary's authorized representative."
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